IPTU (Urban Property Tax)
The IPTU is a municipal tax levied on any urban property (land or building). The rate varies by municipality and property type — in Florianópolis, residential properties are taxed between 0.2% and 1% of assessed value; commercial properties, between 1%…
Explanation
The IPTU is a municipal tax levied on any urban property (land or building). The rate varies by municipality and property type — in Florianópolis, residential properties are taxed between 0.2% and 1% of assessed value; commercial properties, between 1% and 3%.
Payment is the owner’s obligation, not the tenant’s — unless a lease clause transfers that responsibility to the tenant. If unpaid, the debt attaches to the property itself (not the person), which means a buyer of a property with overdue IPTU takes on the debt.